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Ramaphosa determined to remove all impediments in way of sustained mining growth 
By: Martin Creamer Updated 2 hours 37 minutes ago The Presidency is determined to remove all impediments in the way of the sustained growth of the South African mining industry, President Cyril Ramaphosa told the Investing in African Mining Indaba on Tuesday, where it drew full auditorium applause. In addition, Minerals Council South Africa... →
Seriti Green comes in for praise during Eskom, Minerals Council fireside chat
By: Martin Creamer Updated 4 hours ago The coal-to-renewables initiative of Seriti Green, the 91% black-owned and black-controlled Seriti Coal associate, came in for special praise at the interesting fireside chat between outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter on the second day... →
Outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter.
Steenkampskraal appoints Swanepoel, Mundell; aims for 2024 start
By: Irma Venter Updated 3 hours ago Steenkampskraal Holdings Limited (SHL) has appointed Mitford Mundell as its new CEO, with mining veteran Bernard Swanepoel to take up the position of chairperson. Mundell is the former CEO at Namakwa Diamonds, as well as Africa CEO at Theta Gold Mines, while Swanepoel headed up gold miner Harmony. →
Newmont boss frustrated with slow rate of change in mining; says he is ‘part of that problem’
By: Irma Venter 7th February 2023 After almost 35 years in the mining industry, Newmont CEO Tom Palmer says he has not seen much change in the mining industry in terms of diversity, equity and inclusion. Participating in a panel on the issue at the Investing in African Mining Indaba being held in Cape Town this week, the gold... →
Africa must invest in geomapping, energy, transport, education to exploit new mining boom
By: Rebecca Campbell 7th February 2023 South African Council for Geoscience CEO Moses Mabuza has called for greater investment in geomapping in Africa. He was participating in a panel discussion at the Invest in African Mining Indaba, in Cape Town, on Monday. It was important, he said, that there be discussions and cooperation... →
Energy transition offers great opportunities to Africa, but constraints are significant
By: Rebecca Campbell Updated 5 hours ago The global transition to low- and zero-carbon energy sources was a once-in-a-generation opportunity for Africa, just as the original Industrial Revolution had been for the West, highlighted Bushveld Minerals CEO Fortune Mojepalo at the Invest in African Mining Indaba 2023 conference in Cape Town.... →
Mining and the circular economy support each other
By: Rebecca Campbell Updated 3 hours ago Mining was essential if the world was to create a circular economic system, Finnish Geological Survey director-general Kimmo Tiilikainen has pointed out. He was addressing a Sustainable Mining Breakfast, jointly hosted in Cape Town by the Embassies of Denmark, Finland and Sweden, on Tuesday. The... →
World Coal Association adds Menar to its ranks
By: Donna Slater Updated 2 hours 36 minutes ago Coal industry member advocacy and think tank the World Coal Association (WCA) welcomed South African coal miner Menar to its roster of progressive coal members on February 7. On the sidelines of the Investing in African Mining Indaba in Cape Town, WCA CEO Michelle Manook formalised Menar’s WCA... →
Harmony looks to green hydrogen, LNG for power
By: Reuters 7th February 2023 South Africa's biggest gold miner Harmony Gold is exploring options, including hydrogen and natural gas, to cut its dependence on state utility Eskom, its CEO said on Monday. Miners in South Africa are under pressure to find alternatives from investors anxious to meet goals on reducing carbon... →
Sibanye-Stillwater CEO shrugs off gold mega-merger
By: Reuters 7th February 2023 Sibanye-Stillwater is not interested in gold mergers and acquisitions, CEO Neal Froneman said on Monday, after Newmont's $16.9-billion bid for Newcrest increased the pressure on gold miners to consolidate. Froneman, a seasoned dealmaker, said he had "moved on" from the idea he floated two years... →
Sasol’s shares fall as it warns of mixed interim results
By: Darren Parker Updated 7 hours ago Chemicals and energy group Sasol’s share price on the JSE fell by nearly 9% on February 7 after it said it was likely to report a mixed set of results for the six months ended December 31, 2022. During the interim period, Sasol benefitted from a stronger oil price, better refining margins and a... →
Arc, Anglo American extend date for Zambia project JV
By: Donna Slater Updated 7 hours ago Africa-focussed base metals junior explorer Arc Minerals and diversified miner Anglo American have agreed to extend an exclusivity agreement in terms of which the latter wants to buy up to a 70% interest in a joint venture (JV) holding Arc’s copper interests in Zambia's North Western province, to... →
Deep-South to close second tranche in oversubscribed nonbrokered private placement
By: Darren Parker Updated 7 hours ago TSX-listed Deep-South Resources will close a second tranche in an oversubscribed nonbrokered private placement, the company announced on February 7. The second tranche will be closed for $490 000. A first tranche, totalling $210 000, has already closed and comprised 4.2-million units at $0.05 a... →
Promising test results received for Kabanga nickel project in Tanzania
By: Darren Parker Updated 2 hours 21 minutes ago Test results have indicated that the nickel concentrate from Lifezone Metals’ Kabanga nickel project, in Tanzania, is amenable to processing using the company’s proprietary hydrometallurgical (hydromet) technology, with pressure oxidation (Pox) leach extractions for non-optimised test results... →
OreCorp finds power for Nyanzaga
By: Esmarie Iannucci 7th February 2023 Gold developer OreCorp has inked a non-binding memorandum of understanding (MoU) with Tanzanian electricity supply company TANESCO to extend grid power to the Nyanzaga gold project. It is intended that power to Nyanzaga will be supplied by the TANESCO national grid and delivered via a new 53km... →
Amani sells Giro for $30m
By: Esmarie Iannucci 7th February 2023 Minerals and metals explorer Amani Gold on Tuesday announced a $30-million transaction to divest of its Giro gold project, in the Democratic Republic of Congo (DRC). The company has signed a binding term sheet with Mabanga Mining SARL for the sale of Amani’s shareholding in its DRC-based entity... →
Double fatality at Asanko gold mine
By: Creamer Media Reporter Updated 7 hours ago Two contractors died at Asanko gold mine at the weekend, 50%-owner Galiano Gold reported on Monday. The company said that the mine’s emergency services responded to the incident near the tailings storage facility, where both people were pronounced dead at the scene. →
Burkina Faso junta to strengthen control over mining sector
By: Bloomberg 7th February 2023 Burkina Faso’s military rulers are seeking to process more of its gold locally to ensure control over the country’s main source of revenue following a drop in output. Production sank 15% last year as the government battled a sprawling Islamist insurgency, with attacks increasingly targeting the... →
Africa’s only woman-owned phosphate mine at advanced stage of development 
By: Simone Liedtke Updated 2 hours 14 minutes ago The world’s only woman-owned phosphate mine, the Zandheuvel phosphate mine in South Africa’s Saldanha Bay, is at a very advanced stage of completing its bankable feasibility study (BFS), with the technical chapters having been completed. Owned by Adelaide Ruiters Mining and Exploration (ARME),... →
Sandvik develops vision for mining automation with AutoMine concept underground drill
By: Simone Liedtke Updated 2 hours 19 minutes ago Sandvik Mining and Rock Solutions has introduced its AutoMine Concept Underground Drill, the company’s second technology demonstrator for its future autonomous mining vision. The AutoMine Concept Underground Drill is a fully autonomous, twin-boom development drill rig capable of drilling without... →
Murray & Roberts Cementation first choice for mining companies, owing to strategic relationships
By: Simone Liedtke Updated 2 hours 24 minutes ago As a member of the Murray & Roberts group of companies, Murray & Roberts Cementation is a world class mining contractor based in Johannesburg and operating throughout Africa. The company has a reputation for introducing the concept of contract mechanised mining to South Africa. This work was... →
Spanish government again refuses to allow Berkeley's uranium mine
By: Reuters Updated 3 hours ago The Spanish Energy Ministry has upheld its refusal to authorise the construction of a uranium mine near the western city of Salamanca by London-listed Berkeley Energia, which had appealed an earlier rejection, the company said on Tuesday. Berkeley said in a statement it was prepared to... →
What Africa needs to go green is finance
By: Bloomberg Updated 4 hours ago From sunshine to rare minerals to a youthful population, Africa has the raw ingredients to make the green transition. Now it needs the finance. Take power. Exceptionally strong sun and vast swathes of desert mean Africa is the region with the highest solar generation potential over the long term,... →
Kwatani experiences best growth in its history
By: Simone Liedtke Updated 5 hours ago South Africa-based vibrating screen and feeder original-equipment manufacturer (OEM) Kwatani reports that orders for its equipment have surged in recent months to record levels, with orders coming not only from South Africa and the wider Southern African region but also overseas markets. “The... →
FLSmidth introduces new pure play strategies for mining, cement; introduces new long-term financial targets
By: Simone Liedtke Updated 5 hours ago While Danish multinational FLSmidth’s performance has gradually improved, the company believes it has the potential for more, and has therefore kickstarted a transformation journey in 2022 with a sharpened strategic focus on technology, products, services and sustainability. This, the company... →
Building SA’s engineering base for growth
By: Simone Liedtke Updated 5 hours ago Already leveraging the global economic recovery, Efficient Engineering is gearing up for continued growth – while strengthening the industrial foundations of the South African economy. According to Efficient Engineering chairperson and CEO Tony Cimato, the company has seen exciting growth in... →
India energy firms see growth prospect in Africa, Middle East
By: Bloomberg Updated 6 hours ago ReNew Energy Global and Engineers India are among India companies advancing energy projects in Africa and the Middle East amid rising demand in those regions. State-run energy consultant Engineers India expects to finalise a nearly $25-million order for a chemicals and fertiliser plant in... →
NioCorp’s demonstration plant showing strong rare earths recovery results
By: Creamer Media Reporter Updated 7 hours ago The demonstration-scale processing plant at L3 Process Development in Quebec, has succeeded in producing a high-purity mixed rare-earth concentrate, Toronto-listed NioCorp Developments reports. These results lend support to the technical feasibility of separating high-purity oxides of several... →
Osisko announces C$75m private placement
By: Mariaan Webb Updated 7 hours ago Toronto-listed Osisko Mining has announced it will raise C$75-million in a bought-deal private placement for its Windfall project in the James Bay region of Quebec, as well as for general capital and corporate purposes. The company has entered into an agreement with Canaccord Genuity on behalf of... →
Panama copper port loading halted as tax dispute escalates
By: Bloomberg Updated 7 hours ago A tax dispute at a giant copper mine in Panama is starting to disrupt operations, with authorities in the Central American nation ordering port loading to halt over a certification issue. In a statement Monday, operator First Quantum Minerals said Panama’s maritime authority suspended loading in... →
Centerra reports no injuries or damage at Öksüt following Türkiye quakes
By: Creamer Media Reporter 7th February 2023 Toronto- and New York-listed Centerra Gold said on Monday that its Öksüt mine, in central Türkiye, continued to operate normally after two powerful earthquakes struck the south-eastern part of the country – about 180 km from the mine site. The miner confirmed that there were no injuries to its... →
Barrick rules out rival bid for Australia's Newcrest - Bloomberg
By: Reuters 7th February 2023 Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont. But another alternative for Newcrest would be lifting its value through... →
Magnetite Mines finds port solution for Razorback
By: Esmarie Iannucci 7th February 2023 Junior Magnetite Mines has signed a non-binding memorandum of understanding (MoU) with Whyalla Ports, part of the GFG Alliance, to investigate the use of port handling and shipping facilities to export magnetite concentrate from the Razorback iron-ore project, in South Australia. Export... →
RSHQ gives directives to Qld miners
By: Esmarie Iannucci 7th February 2023 Resources Safety and Health Queensland (RSHQ) has issued compliance directives to mine operators in Queensland following a series of serious incidents at Central Queensland coal mines involving mobile equipment operating on coal stockpiles. The directives follow three recently reported... →
Spectrem Air to engage clients at Indaba on their plans
By: Simone Liedtke 7th February 2023 Geophysical airborne service provider Spectrem Air intends to not only engage with its clients, but “understand what the theme of ‘Unlocking the Future of mining’” will mean for the company. This year’s Investing in African Mining Indaba, held in Cape Town from February 6 to 9, will be another... →
Wärtsilä to advance energy optimisation tech, strategy in 2023
By: Simone Liedtke 7th February 2023 Manufacturing company Wärtsilä’s holistic approach builds on the company’s extensive capabilities in power system remodelling and analysis, energy system optimisation and flexible power generation technologies. Through attending this year’s Investing in African Mining Indaba event, the company is... →
Renergen bookbuild oversubscribed
By: Creamer Media Reporter 7th February 2023 Helium and natural gas supplier Renergen reports that an accelerated bookbuild, launched on February 7 to raise funds for Phase 2 of its Virginia gas project, in the Free State, was "comfortably oversubscribed". The company initially set out to place 4.6-million new shares, representing about... →
Newmont’s bid for Newcrest marks new era of mining mega deals
By: Bloomberg 7th February 2023 The world’s biggest miners have spent years calling for consolidation in a fragmented industry. Newmont’s $17-billion offer for Australia’s Newcrest Mining suggests it’s finally starting to happen on a significant scale. While there have been other significant deals in the past year — Agnico... →
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